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Hyundai Nishat Motor (Private) Limited
TypeJoint venture
IndustryAutomotive
Founded2017; 6 years ago (2017)
HeadquartersLahore and Faisalabad, Pakistan
Key people
Hassan Mansha (CEO)
ProductsAutomobiles
ParentHyundai-Nishat Group
WebsiteOfficial website

Hyundai Nishat (Urdu: ہیونڈے نشاط) is a Pakistani automobile manufacturer and joint venture between Hyundai and Nishat Mills, based in Faisalabad, Pakistan.[1][2]

Hyundai Nishat is the authorized assembler and manufacturer of Hyundai vehicles in Pakistan and began production from its Faisalabad plant in 2019.[3][4]

History

Hyundai returned to Pakistan in 2017 by partnering with Nishat Mills, a subsidiary of Nishat Group. Hyundai used to assemble cars in Pakistan until 2004, when their local partner Dewan Farooque Motors went bankrupt.

Hyundai Nishat Motor signed an investment agreement with the Ministry of Industries and Production under the Automotive Development Policy 2016-21.[5][6] The intent of the government is to shake up the Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki, who assemble cars in Pakistan with local partners.[4]

Industry Competition

Kia Lucky Motors, MG JW Automobile and Changan Automobile are also launching new models keeping competition alive for Hyundai.[7][6] In response to the competition, Hyundai Pakistan is expected to hike production by 100 percent in the first quarter of 2021.[8]

Product Competition

Hyundai Nishat Motor launched Elantra sedan in March 2021. Elantra will give tough competition to Toyota Corolla and Honda Civic.[9]

Hyundai Nishat Motor launched Santa Fe mid-size SUV to give tough competition to Kia Sorento and Toyota Fortuner.[10]

Products

Locally Manufactured

Imports

Discontinued

See also

References

  1. ^ "HYUNDAI". hyundai-nishat.com.
  2. ^ "PM Abbasi breaks ground on Hyundai-Nishat vehicle assembly plant in Faisalabad". 20 December 2017. Retrieved 9 January 2018.
  3. ^ Haq, Shahram. "Hyundai Nishat Motors raring to go, but hybrid vehicles on the back seat". Retrieved 9 January 2018.
  4. ^ a b c Staff Report (2021-01-05). "Hyundai Pakistan vows to boost production by100pc in Q1CY21". Profit by Pakistan Today. Retrieved 2021-01-05.
  5. ^ Reporter, The Newspaper's Staff (16 December 2017). "Hyundai Nishat signs pact with production ministry".
  6. ^ a b Desk, BR Web (2020-12-10). "Hyundai's Elantra and Sonata to Launch in Pakistan". Brecorder. Retrieved 2021-01-05.
  7. ^ "Hyundai Nishat Motor (Private) Limited". Hyundai Nishat. Retrieved 2021-01-05.
  8. ^ "Hyundai Pakistan To Hike Production By 100% In Q1 2021". PakWheels Blog. 7 January 2021. Retrieved 2021-02-10.
  9. ^ "Hyundai reveals the price of its Elantra sedan | SAMAA". Samaa TV. Retrieved 2021-03-24.
  10. ^ "Hyundai Nishat Reduces Santa Fe's Price by Rs. 5 Million". Retrieved 2021-04-02.
  11. ^ Desk, BR Web (2020-12-15). "Hyundai Elantra to be Launched in Pakistan in 2021". Brecorder. Retrieved 2021-01-05.
  12. ^ a b c d e "Hyundai to launch Elantra and Sonata in Pakistan | SAMAA". Samaa TV. Retrieved 2021-01-05.
  13. ^ a b c d e "Hyundai Nishat Motor (Private) Limited".
  14. ^ a b c d "Hyundai Nishat reportedly to launch three passenger cars in June 2021". 6 December 2019.
  15. ^ "Hyundai Elantra Has Been Officially LAUNCHED!". PakWheels Blog. 2021-03-21. Retrieved 2021-03-24.

External links


Nishat Group
Automotive industry in Pakistan
Categories